DeFi
How Multichain’s $126M Collapse Could Be a Rugpull
Is Multichain drama a rugpull disguised as a hack?
BTC$60,654.00-0.59%
ETH$1,559.10-1.26%
USDT$0.9996-0.01%
USDC$0.9997+0.01%
XRP$1.09-1.35%
SOL$61.91-3.12%
TRX$0.3237+0.86%
FIGR_HELOC$1.03+0.46%
DOGE$0.0814-0.42%
HYPE$56.44-5.27%
USDS$0.9997-0.02%
LEO$9.44-1.44%
RAIN$0.0128-1.63%
XLM$0.2116+5.14%
CC$0.1627+9.72%
BTC$60,654.00-0.59%
ETH$1,559.10-1.26%
USDT$0.9996-0.01%
USDC$0.9997+0.01%
XRP$1.09-1.35%
SOL$61.91-3.12%
TRX$0.3237+0.86%
FIGR_HELOC$1.03+0.46%
DOGE$0.0814-0.42%
HYPE$56.44-5.27%
USDS$0.9997-0.02%
LEO$9.44-1.44%
RAIN$0.0128-1.63%
XLM$0.2116+5.14%
CC$0.1627+9.72%
Multichain announced it is terminating operations due to a shortage of operational funds and limited information about its missing CEO.
Is Multichain drama a rugpull disguised as a hack?
The price of MULTI token fell from $4.49 to $3.99 following the announcement.
Multichain’s team stated it is unable to resolve the current issues facing the protocol as it lacks the needed access and can’t contact its CEO to…
After days of mounting concerns, Multichain pledged to compensate users affected by delays caused by “force majeure”.